"Belair-Edison - Facing Herring Run Park"

REAL ESTATE AUCTION

TWO STORY
PORCHFRONT TOWNHOME

Sale On Premises
4246 PARKSIDE DRIVE
Off Belair Road
Baltimore, MD 21206

TUESDAY, JULY 16, 2019
AT 11:00 A.M.

– Suggested Starting Bid: $40,000 –

NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

LOCATION:
4246 Parkside Drive is located in the Belair-Edison neighborhood of northeast Baltimore City. Surrounding neighborhoods include Parkside and Frankford. The home pleasantly sits in front of the trails that run through Herring Run Park and features a view of the park as well. Clifton Park is a mile south of the home and includes a golf course, playing fields and recreation centers. In addition to the array of green space available to residents, Belair Road is a hub for dining, retail and entertainment options. Major employers in the area include Morgan State University and Johns Hopkins University.

SITE:
Lot size – 23’7″ x 95′, more or less

Zoned Residential

Fenced rear yard

Garage with automated overhead door

All public utilities

IMPROVEMENTS:
Two story porchfront end of group townhome – constructed in 1939, containing 1,380 square feet of living area and 690 square feet of basement space, according to public tax records.

INTERIOR:

First floor:

• Living room – hardwood floor
• Dining room – wood floor
• Kitchen – laminate floor

Second floor:

• Bedroom – carpet
• Bedroom – carpet
• Bedroom – carpet
• Bathroom – tile floor

Basement/mechanical

• Clubroom – laminate floor and bar area
• Full bathroom – laminate floor
• Washer/dryer area with utility sink
• 100 amp electrical service
• 40 gallon gas water heater
• Radiator heat
• Walkout to rear

EXTERIOR:

• Brick exterior
• Flat built up roof
• Vinyl replacement windows
• Water and sewer lines replaced within last 10 years

TITLE:
In fee simple; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $2,603, based on a full value assessment of $110,300. Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $2,500 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser. All adjustments, including rent, taxes, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of settlement. The property will be sold in “AS IS” condition, and subject to the existing lease of the tenant in place, easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of contract forward. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. If the Seller is unable to convey good and marketable title, the purchaser’s sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Seller or Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser except where otherwise mandated by local, State or Federal law. Time is of the essence.

No Buyer’s Premium!